Press release
Antimicrobial Susceptibility Testing Market Growth Set to Surge Significantly during 2024 to 2031
The research analysis on the global Antimicrobial Susceptibility Testing Market report 2024 offers a close watch on top industry rivals along with briefings on their company profiles, strategical surveys, micro as well as macro industry trends, futuristic scenarios, analysis of pricing structure, and an all-encompassing overview of the Antimicrobial Susceptibility Testing Market circumstances in the forecast period between 2024 and 2031. The global Antimicrobial Susceptibility Testing Market is a dynamic and rapidly evolving sector, encompassing the development, production, and distribution. This market is essential for improving global market and driving economic growth through innovation and industry advancements.
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Market Growth
The Antimicrobial Susceptibility Testing Market has experienced robust growth over the past decade and is projected to continue expanding. Global Antimicrobial Susceptibility Testing Market size was valued at USD 3.79 billion in 2023 and is poised to grow from USD 3.98 billion in 2024 to USD 5.69 billion by 2031, at a CAGR of 5.2% during the forecast period (2024-2031). This growth is driven by several factors, including an aging global population, increasing prevalence of advancements in technology, and rising global expenditure.
Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR):
The Antimicrobial Susceptibility Testing Market can be segmented based on several factors, including product type, application, end-user, and distribution channel. Understanding these segments is crucial for companies looking to target specific markets and tailor their offerings to meet consumer needs.
Test type
Phenotypic testing, genotypic testing, and rapid testing
End user
Hospitals and diagnostic laboratories, research and academic institutes, and pharmaceutical and biotechnology companies
Product type
Instruments, reagents and kits, and software and services
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Regional Analysis:
On the basis of region, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The Antimicrobial Susceptibility Testing Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Essential regions of the Antimicrobial Susceptibility Testing market are:
- Antimicrobial Susceptibility Testing North America Market includes (Canada, Mexico, USA)
- Antimicrobial Susceptibility Testing Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
- Antimicrobial Susceptibility Testing Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
- Antimicrobial Susceptibility Testing South America Market includes (Brazil, Argentina)
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Future Outlook
The Antimicrobial Susceptibility Testing Market is poised for continued growth driven by technological advancements, expanding global market access, and increasing global industry needs. As the industry adapts to evolving challenges and seizes emerging opportunities, it is likely to see ongoing innovation and expansion, contributing significantly to global health and economic development."
Antimicrobial Susceptibility Testing Market Top Player's Company Profile
Thermo Fisher Scientific Inc. (US)
Bio-Rad Laboratories, Inc. (US)
Danaher Corporation (US)
Becton, Dickinson and Company (US)
bioMérieux SA (France)
Roche Diagnostics (Switzerland)
Abbott Laboratories (US)
Bruker Corporation (US)
Merck KGaA (Germany)
Agilent Technologies, Inc. (US)
ConvaTec Group plc (UK)
Cepheid (US)
HiMedia Laboratories Pvt. Ltd. (India)
Liofilchem s.r.l. (Italy)
Accelerate Diagnostics, Inc. (US)
Creative Diagnostics (US)
Bio-Rad Laboratories (US)
Synbiosis (UK)
ELITechGroup (France)
QIAGEN N.V. (Germany)
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